Ripple settled a Treasury with JPMorgan and is eyeing an IPO. So why is XRP still stuck?
Why is XRP stuck even as Ripple lands JPMorgan settlement work and IPO buzz? The answer is the gap between Ripple, RLUSD and XRP demand.
ComputerWorld AI·
The AI IPO tsunami on the stock market has only recently gotten under way, with SpaceX’s more-than-$2 trillion IPO likely to be followed in several months by OpenAI’s and Anthropic’s IPOs — each of which is likely to hit $1 trillion. That will mint three new trillion-dollar AI companies in a matter of months, all of which compete with Microsoft. Wall Street has never seen anything like it. Previously, the most money raised by all IPOs in a single year was $671 billion in 2021. It took 38,644 deals to get to that figure. Compare that to three deals this year that by themselves will likely total $4 trillion. The numbers are eye-popping. For Microsoft though, it’s not the numbers themselves that are important. It’s what will happen to the company once it as three newly minted trillion-dollar AI competitors. Until recently, when it came to AI, Microsoft was king of the hill. But can it keep that place? Microsoft’s weakened position The IPOs come at a particularly fraught time for Microso
Read full articleWhy is XRP stuck even as Ripple lands JPMorgan settlement work and IPO buzz? The answer is the gap between Ripple, RLUSD and XRP demand.
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